First-time homebuyers are in the exciting position of choosing a home and making one of life’s biggest investments. But are real estate agents necessary? I hear this question a lot from first time homebuyers. They wonder why they can’t just browse open houses and visit new developments where real estate agents are sitting waiting. Well, that opens the first can of worms for first time home buyers. Real estate agents often work as buyer’s agents or seller’s agents. That friendly real estate agent at the open house is only representing the interests of her clients (the sellers). That’s why I tell any first time home buyer to partner with a professional real estate agent who knows the things you don’t.
Take advantage of your knowledge
Anyone can buy a house. But all the unknowns often overwhelm a first-time homebuyer. The best thing about working with a real estate agent is that you get an “instant guru” for all your questions, from finding good schools, to how much less a seller might accept, to “what’s PMI again?” You’ll find the mountains of paperwork easier if a real estate agent guides you through the purchase agreement. The legality of buying a home is huge, but competent real estate agents make sure you don’t skip the inspection or spend all your time driving through an area that’s out of your price range.
But what about the price range? One of the biggest concerns new buyers have about hiring real estate agents is paying the commission. After all, is it really worth it to pay real estate agents when you could have that money available for your new home? Consider this decision carefully. Don’t be fooled by competent advice. Especially if you’ve never navigated the paperwork and legalities of a real estate transaction, one of your smartest moves may be to include a real estate agent on your home search team.
Use the services offered by Realtors
Once you decide to work with a real estate agent, let them actually work for you. Real estate agents can remove many houses based on your requirements, so you spend less time searching for inappropriate houses. Make a list of desired amenities and priorities so your real estate agent really knows what to look for. Good real estate agents listen. You shouldn’t have to tell him 4 times that a second bathroom is a must.
The best real estate agents will honor your hours and when you will be available to view the sites. Real estate agents can also provide valuable information on moving companies, local services, and things to do, even local doctors if you’re new to town. Remember, in addition to having professional knowledge of the real estate game, your real estate agent is a local to the area. Ask lots of questions and expect lots of information in return.
Where to find competent real estate agents
Real estate agents are everywhere. Ask for referrals from people you trust. Interview potential real estate agents before making up your mind. Ask about their background, client load, experience, and availability. Then grab your digital camera and a notepad, call your chosen real estate agent, and have fun buying your first home.